Lakeland Industries, Inc. (NASDAQ:LAKE) Announces Quarterly Dividend of $0.03

Lakeland Industries, Inc. (NASDAQ:LAKE) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Stockholders of record on Monday, February 17th will be paid a dividend of 0.03 per share by the medical instruments supplier on Monday, February 24th. This represents a $0.12 annualized dividend and a dividend yield of 0.53%.

Lakeland Industries Stock Down 2.5 %

Shares of LAKE traded down $0.57 during mid-day trading on Monday, hitting $22.62. 161,577 shares of the company’s stock were exchanged, compared to its average volume of 114,975. The company has a market cap of $214.89 million, a price-to-earnings ratio of -251.33 and a beta of 0.62. Lakeland Industries has a fifty-two week low of $15.10 and a fifty-two week high of $27.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. The stock’s 50-day moving average is $23.97 and its 200-day moving average is $22.37.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.39). Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. On average, sell-side analysts anticipate that Lakeland Industries will post 0.48 earnings per share for the current fiscal year.

Insider Activity at Lakeland Industries

In related news, Director Nikki Hamblin acquired 2,220 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $23.08 per share, with a total value of $51,237.60. Following the completion of the acquisition, the director now owns 15,862 shares in the company, valued at $366,094.96. This trade represents a 16.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James M. Jenkins acquired 990 shares of the business’s stock in a transaction on Monday, December 30th. The shares were bought at an average cost of $25.35 per share, for a total transaction of $25,096.50. Following the acquisition, the chief executive officer now owns 990 shares of the company’s stock, valued at $25,096.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 11,208 shares of company stock valued at $253,520 over the last 90 days. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LAKE shares. StockNews.com cut shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Roth Mkm raised their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th.

About Lakeland Industries

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.